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Gnosis Chain Deep Dive – Why Build on Gnosis Chain?

November 22, 2023
in Web3
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Except you’ve been dwelling beneath a rock, odds are you’re conversant in the scalability problems with Ethereum. These limitations pose a major impediment for Web3 builders trying to construct decentralized purposes (dapps) on the Ethereum community, making the method each tough and expensive. Consequently, builders are turning their consideration to cheaper options and networks to make blockchain growth extra possible. One various that has been gaining traction over the previous few years is Gnosis Chain. However what is that this community? And why do you have to construct on Gnosis Chain? For those who’re on the lookout for the solutions to those questions, be part of us on this article as we dive into the ins and outs of Gnosis Chain!    

Overview 

We’ll begin at present’s article by diving straight into the ins and outs of Gnosis Chain. From there, we’ll discover the advantages of the community to focus on why it is best to select to construct on Gnosis Chain. Subsequent, we are going to briefly cowl different merchandise and tasks inside the ecosystem. Then, we’ll introduce you to Moralis’ Gnosis-compatible Web3 API suite, offering the simplest option to construct apps on the Gnosis community. Lastly, we’ll discover some outstanding Moralis Gnosis API use circumstances to high issues off! 

If you wish to soar straight into Gnosis growth, nothing is stopping you from instantly exploring Moralis’ industry-leading Web3 APIs. An ideal instance is the NFT API, which lets you seamlessly construct Gnosis-compatible NFT tasks. Nevertheless, this is only one instance, and we’ll discover just a few others within the ”Why Construct on Gnosis Chain with Moralis?” part additional on within the article! 

Moralis Logo and Title - Why Build on Gnosis Chain?

So, if you wish to construct Gnosis dapps, take this chance and enroll with Moralis. You’ll be able to create your account completely freed from cost, and also you’ll have the ability to unlock the total potential of Gnosis Chain in a heartbeat!

What’s Gnosis Chain? And Why Construct on Gnosis?

Gnosis is a outstanding blockchain infrastructure supplier, and the group was based in 2015 by Stefan George and Martin Köppelman. On the time, they began off by constructing prediction markets. Nevertheless, in 2020, Gnosis introduced its plans to totally transition right into a decentralized autonomous group (DAO). A few 12 months later, the GnosisDAO and xDAI communities voted to mix forces to create Gnosis Chain!

Official Gnosis Chain Logo with art image illustration of an owl

Gnosis Chain is a community-driven, EVM-based blockchain community, and it’s one in all Ethereum’s first sidechains. Since its origins, Gnosis Chain has stayed true to its values: resilience and credible neutrality! 

Gnosis Chain is saved safe by a geographically various community of 160,000+ validators. This various and worldwide set of validators – together with a give attention to community-driven governance – ensures that Gnosis Chain stays impartial in its operations and true to its unique values. 

Moreover, Gnosis Chain is ruled by a DAO. Consequently, this implies anybody can take part within the decision-making processes concerning the event and way forward for the community. GNO is the governance token for GnosisDAO and the staking token for Gnosis. As such, holders of this token can weigh in on points and proposals and form Gnosis Chain going ahead.

All in all, Gnosis Chain affords you and different builders a strong platform to innovate and construct subtle decentralized purposes (dapps)!

Why Construct on Gnosis Chain? 

Now, with an outline of what Gnosis Chain is, let’s discover among the major advantages and the explanation why it is best to construct on this community: 

Globally Secured: Gnosis Chain is fortified by 160,000+ validators worldwide. Price-Environment friendly: Expertise environment friendly operations on the low value of simply $0.000099 per 100K gasoline.100% Uptime: Hold your dapps working with none points because of Gnosis Chain’s 100% uptime. Swift Efficiency: With Gnosis Chain’s spectacular five-second block time, you’ll be able to expertise fast transaction confirmations to make sure your tasks carry out on the high stage.EVM-Compatibility: Gnosis Chain is EVM-compatible. Consequently, when working with this community, you need to use Ethereum instruments, good contracts, and wallets you’re conversant in.

Key components of Gnosis Chain - Illustration why build on Gnosis

These are 5 outstanding the explanation why it is best to construct on Gnosis Chain. Let’s now discover the Gnosis ecosystem a bit additional! 

Exploring the Gnosis Ecosystem 

Along with the sidechain, Gnosis additionally hosts an unlimited ecosystem of different merchandise and tasks, and on this part, we’ll discover just a few outstanding examples: 

Tokens: Gnosis Chain makes use of a singular and progressive dual-token mannequin that includes two cryptocurrencies: GNO and xDai. GNO is used for staking, protocol safety, and neighborhood governance through the community’s Gnosis Beacon Chain consensus layer. However, xDai is a stablecoin following the USD. This coin is used for transaction charges and funds on the community. CoW: CoW – which is an abbreviation for ”coincidence of desires” – is a permissionless decentralized change (DEX) on which customers can commerce fungible tokens. Protected: Protected is a great pockets platform and infrastructure supplier main the cost for account abstraction on the Ethereum community. 

Gnosis Safe landing page

The three examples above solely scratch the floor of the Gnosis ecosystem, and the community moreover hosts quite a lot of different dapps. Because of this Gnosis already has a longtime consumer base from which you’ll be able to shortly onboard new customers to your tasks. And that is but another excuse why it is best to construct on Gnosis Chain. 

Nonetheless, that offers you a short overview of the Gnosis ecosystem. Let’s now discover the simplest option to construct on Gnosis Chain! 

High Gnosis Chain API 

If you wish to construct on Gnosis Chain, it is best to know that the simplest approach to take action is to leverage Moralis’ industry-leading Gnosis API suite. Our premier interfaces now help Gnosis Chain, enabling you to seamlessly unlock the total energy of the community so you’ll be able to construct dapps each sooner and smarter! 

Art image illustration - Use Moralis Gnosis API - Best Way to Build on Gnosis Chain

However why do you have to construct on Gnosis Chain with Moralis? 

To reply the question above, let’s discover the principle advantages of Moralis’ Gnosis-compatible API suite: 

Prompt Setup: Begin constructing in a heartbeat with out the cumbersome means of any preliminary setups. Correct Knowledge: Expertise information integrity with constant and exact info immediately from Gnosis Chain. Actual-Time Knowledge: Hold your customers up-to-date with real-time information. Listed Knowledge: Entry the information on Gnosis Chain completely listed and able to use very quickly. Unparalleled Scalability: Moralis’ Gnosis API suite is constructed to scale, which means that our interfaces may have no bother dealing with the rise in site visitors as your tasks develop. And extra! 

So, are you able to innovate and construct the following huge dapp on Gnosis Chain? If that’s the case, jumpstart your Gnosis Chain journey by signing up with Moralis. You may get an account completely free of charge, and also you’ll acquire quick entry to all of the interfaces of Moralis’ Gnosis API suite! 

Additionally, if you happen to’d wish to study extra about this, be part of us within the subsequent part, as we’ll dive deeper into Moralis’ Gnosis-compatible API suite! 

Why Construct on Gnosis Chain with Moralis? 

The Moralis Gnosis API suite contains a number of industry-leading interfaces for varied use circumstances. So, when working with Moralis, you’ll be able to construct every thing from a block explorer to a real-time pockets tracker in a heartbeat! 

To focus on the unequalled capabilities of Moralis’ Gnosis API suite, we’ll take a more in-depth have a look at three of our most outstanding interfaces to present you just a few examples: 

Blockchain APIToken APIWallet API 

So, with no additional ado, let’s dive straight into Moralis’ Blockchain API! 

Blockchain API 

Moralis’ Blockchain API is Web3’s most sturdy interface for blockchain information. With this industry-leading device, you’ll be able to effortlessly unlock the ability of blockchain information with tempo and precision throughout all main EVM-compatible blockchain networks, together with Gnosis Chain! 

Build on Gnosis using Moralis Blockchain API

With solely single strains of code, you’ll be able to simply get block information, contract occasions, logs, transactions, and rather more. Consequently, when working with the Blockchain API, you’ll be able to seamlessly construct every thing from block explorers to real-time buying and selling platforms with out breaking a sweat.

To focus on the accessibility of the Blockchain API, we’ll present three examples of outstanding endpoints under: 

getBlock() – Get the contents of a block by block quantity or hash: ​​const response = await Moralis.EvmApi.block.getBlock({
“chain”: “0x64”,
“blockNumberOrHash”: “23233”
}); getTransaction() – Fetch the contents of a transaction by its hash: const response = await Moralis.EvmApi.transaction.getTransaction({
“chain”: “0x64”,
“transactionHash”: “0x0342ba9dfcfe1ba7047ab988518c27734107cf999e827d0ae3dca97972a025f5”
}); getContractLogs() – Question the logs of a contract based mostly on its handle:const response = await Moralis.EvmApi.occasions.getContractLogs({
“chain”: “0x64”,
“topic0”: “0xddf252ad1be2c89b69c2b068fc378daa952ba7f163c4a11628f55a4df523b3ef”,
“handle”: “0x6A023CCd1ff6F2045C3309768eAd9E68F978f6e1”
});

To study extra about how this works, try our Blockchain API tutorial! 

Token API 

With the Token API, you’ll be able to seamlessly add and combine real-time token costs, pockets balances, transfers, and extra into your Web3 tasks with solely single strains of code. Consequently, when working with Moralis’ Token API, you’ll be able to construct every thing from DEXs to token analytic instruments in a heartbeat!

Create token-related dapps on Gnosis Chain Using Moralis Token API

Moreover, the Token API helps each single token throughout ten+ EVM chains. This consists of stablecoins, privateness tokens, meme cash, governance tokens, and rather more. And a few examples of supported chains are Gnosis, Ethereum, Polygon, and so forth. 

Listed here are three examples of outstanding endpoints to focus on the accessibility and energy of Moralis’ Token API: 

getTokenPrice() – Get the worth of a token denominated in each Gnosis Chain’s native coin and USD: const response = await Moralis.EvmApi.token.getTokenPrice({
“chain”: “0x64”,
“handle”: “0x6A023CCd1ff6F2045C3309768eAd9E68F978f6e1”
}); getTokenTransfers() – Question an array of all token transactions of a pockets ordered by block quantity in descending order: const response = await Moralis.EvmApi.token.getWalletTokenTransfers({
“chain”: “0x64”,
“handle”: “0x7bea4af5d425f2d4485bdad1859c88617df31a67”
}); getTokenMetadata() – Fetch metadata – together with the identify, image, decimals, emblem, and so forth. – for a token based mostly on its contract handle: const response = await Moralis.EvmApi.token.getTokenMetadata({
“chain”: “0x64”,
“addresses”: [
“0x177127622c4A00F3d409B75571e12cB3c8973d3c”
]
});

To study extra about how this device works, try our information on the #1 API for crypto costs! 

Pockets API 

Moralis’ Pockets API is the {industry}’s premier device for constructing Web3 wallets and integrating pockets performance into your dapps. This device boasts spectacular options, unparalleled scalability, and excessive flexibility, permitting you to construct a variety of dapps! 

Create next-gen wallets on Gnosis using Moralis Wallet Gnosis API

What’s extra, the Pockets API helps over 500 million addresses throughout all main EVM chains, together with Gnosis Chain, Ethereum, Polygon, BNB Sensible Chain, and lots of others. With this device, you’ll be able to seamlessly get every thing from pockets transactions, native balances, ERC-20 token balances, NFT balances, and rather more in a heartbeat.

To focus on the ability of the Pockets API, listed below are three outstanding endpoints you’ll seemingly discover useful when constructing on Gnosis Chain:

getWalletTransactions() – Question an array of all native transactions of a pockets ordered by block quantity in descending order: const response = await Moralis.EvmApi.transaction.getWalletTransactions({
“chain”: “0x64”,
“handle”: “0x7bea4af5d425f2d4485bdad1859c88617df31a67”
}); getNativeBalance – Fetch the native stability of a pockets by its handle: const response = await Moralis.EvmApi.stability.getNativeBalance({
“chain”: “0x64”,
“handle”: “0x7bea4af5d425f2d4485bdad1859c88617df31a67”
}); getWalletTokenBalances() – Get an array of all tokens held by a pockets based mostly on its handle: const response = await Moralis.EvmApi.token.getWalletTokenBalances({
“chain”: “0x64”,
“handle”: “0x7bea4af5d425f2d4485bdad1859c88617df31a67”
});

That’s it for our three examples; if you wish to discover all interfaces of Moralis’ Gnosis API suite, try our Web3 API web page! 

Moralis’ Gnosis API Use Circumstances 

Now that you’ve familiarized your self with Moralis’ Gnosis-compatible API suite, let’s have a look at what you’ll be able to construct utilizing our industry-leading growth instruments. Listed here are just a few outstanding examples: 

Decentralized Exchanges (DEXs)DAO Administration ToolsStaking PlatformsSecure Pockets PlatformsGovernance PlatformsPrediction Markets

Showing Gnosis Chain Dapp Examples of what you can build using Moralis Web3 API suite

The use circumstances above are just a few examples, and with the ability of Gnosis Chain and the capabilities of Moralis, the one factor stopping you is your creativeness!

Abstract: Why Construct on Gnosis Chain?

In at present’s information, we kicked issues off by exploring the ins and outs of Gnosis Chain. In doing so, we realized that it’s a community-run EVM blockchain community and one of many first Ethereum sidechains! 

Why construct on Gnosis Chain? As we moved ahead on this article, we got down to reply that query! And to take action, we explored among the community’s most outstanding advantages: 

Globally Secured Price-Efficient100% UptimeSwift PerformanceEVM-Compatibility

From there, we launched you to the simplest option to construct on Gnosis Chain: Moralis’ Gnosis-compatible Web3 API suite. This suite accommodates a bunch of industry-leading Web3 APIs that help you construct every thing from DEXs to governance platforms on Gnosis Chain in a heartbeat. 

For those who appreciated this Gnosis Chain article, think about trying out extra content material right here on the Moralis Web3 weblog. As an example, discover our information on Polygon PoS vs Polygon zkEVM, or discover ways to add the Sepolia community to MetaMask. Additionally, make certain to take a look at our Etherscan API options article, the right way to construct a real-time pockets tracker, on-chain pockets tracker, or the right way to create Chiliz Chain dapps with Moralis’ Chiliz API!

Additionally, if you happen to’re critical about constructing Gnosis Chain tasks your self, don’t neglect to enroll with Moralis. You’ll be able to arrange an account completely free of charge and acquire entry to all our industry-leading growth instruments instantly. This can help you totally harness the ability of Gnosis Chain by enabling you to construct dapps extra effectively! 



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